Iola Spencer Memorial Trust
Iola Spencer Memorial Trust is a private foundation focused on N/A, based in Birmingham, AL. IRS filing data is available from 2020 through 2025. As of 2025, the organization holds $282K in total assets. In 2025, it awarded 1 grant totaling $14K. Net investment income was $19K.
Iola Spencer Memorial Trust at a glance
In short: Iola Spencer Memorial Trust gave $14K across 1 grant in 2025 (avg $14K), mostly in Mississippi. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $14,262
- +8.4% vs 2024
- Grants made (2025)
- 1
- +0.0% vs 2024
- Average grant
- $14,262
- +8.4% vs 2024
- Median grant
- $14,262
- Total assets
- $282,360
- +0.4% vs 2024
- Primary geography
- Mississippi (100% of itemized 2025 grant dollars)
- Latest 990 filing
- Form 990-PF, 2025 View filing
Data from IRS Form 990-PF, 2025; updated September 2026.
Who Iola Spencer Memorial Trust funds
How this funder distributes its grants
Top Recipients
Top recipient in 2025
The largest 2025 recipient was Main Street United Methodist Church Attn ($14K).
Grant Size Distribution
5 grants across all recorded years
The most common grant size was under $50K: 5 grants of 5 (100%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of the 2025 grant dollars on its one itemized grant.
States
Cities
How Iola Spencer Memorial Trust gives
- Giving held roughly steady from 2022 to 2025 (+7%). Method
- In 2025 it paid out 99% of its IRS minimum distribution (the 5% rule). Foundations have until the end of the next year to meet it. Method
From the foundation's IRS Form 990-PF filings. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2025, annual grant giving ranged from $6K (2020) to $15K (2023). In 2025 it made 1 grant totaling $14K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Main Street United Methodist Church Attn Hattiesburg, MS | General Operating | $14,262 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Qualifying Distributions | Net Investment Income | Distributable Amount |
|---|---|---|---|---|---|---|---|---|
| 2025 | $282,360 | $22,273 | $20,833 | $14,262 | 1 | $16,468 | $19,175 | $16,674 |
| 2024 | $281,133 | $24,997 | $18,397 | $13,161 | 1 | $15,353 | $22,064 | $16,454 |
| 2023 | $274,537 | $5,122 | $19,821 | $14,864 | 1 | $16,998 | $7,305 | $15,295 |
| 2022 | $289,415 | $8,257 | $23,640 | $13,304 | 1 | $15,969 | $6,237 | $15,833 |
| 2021 | $305,537 | $28,936 | $16,587 | $8,921 | 1 | $11,235 | $25,654 | $17,314 |
| 2020 | $293,412 | $14,074 | $10,195 | $5,711 | 1 | — | $11,272 | $16,155 |
Under IRS private-foundation payout rules, Iola Spencer Memorial Trust reported a distributable amount of $17K for 2025 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
Iola Spencer Memorial Trust's only listed officer is Regions Bank, Trustee on filings since 2020 (compensated).
Officers on the 2025 filing
Regions Bank
Trustee
On filings since 2020
1 hr/week
$3K (2020) → $3K (2025)
Former officers (1)
- Former: Regions Bank Trust Dept (2022–2023) — Trustee
Data from IRS Form 990 filings, 2020–2025. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Compensation Overview
From 2025 IRS filing
The highest reported compensation on the 2025 filing was $3K, to Regions Bank (Trustee).
Frequently asked questions about Iola Spencer Memorial Trust
How much does Iola Spencer Memorial Trust give each year?
Iola Spencer Memorial Trust gave $14K across 1 grant in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $13K across 1 grant.
How large is Iola Spencer Memorial Trust?
Iola Spencer Memorial Trust reported $282K in total assets on its 2025 IRS Form 990-PF. It paid out $16K in qualifying distributions that year, against a required minimum of $17K (roughly 5% of its investment assets). Falling short in one year is not a violation: foundations have until the end of the next year to meet the minimum.
What is Iola Spencer Memorial Trust?
Iola Spencer Memorial Trust is a private foundation focused on N/A, based in Birmingham, AL. It holds $282K in total assets as of 2025.
Where does Iola Spencer Memorial Trust operate?
Iola Spencer Memorial Trust has awarded grants in Mississippi.
What is Iola Spencer Memorial Trust's EIN?
Iola Spencer Memorial Trust's EIN (Employer Identification Number) is 64-6201020. IRS Form 990 filing data is available on this page for 2020–2025.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Data update history
(6)
When this profile's IRS filing data changed on Grantable
- Updated Form 990-PF for fiscal year 2020 (received by the IRS October 29, 2021)
- Updated Form 990-PF for fiscal year 2021 (received by the IRS November 14, 2022)
- Updated Form 990-PF for fiscal year 2022 (received by the IRS November 9, 2023)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS April 24, 2024)
- Updated Form 990-PF for fiscal year 2024 (received by the IRS April 30, 2025)
- Added Form 990-PF for fiscal year 2025 (received by the IRS April 29, 2026)
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